Part I: Define the following terms (35-40 words) and word process answers. Circle the correct answers. Q1. Bundle of Rights Q2. Externality in Land Use

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A:

Q: What are at least two reasons why management should involve the accounting  personnel in the process…

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is